MoneyHero (NASDAQ:MNY) Trading Down 0.7% – Here’s Why

MoneyHero Limited (NASDAQ:MNY)’s share price was down 0.7% during mid-day trading on Tuesday . The company traded as low as $1.35 and last traded at $1.37. Approximately 3,377 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 35,914 shares. The stock had previously closed at $1.38.

Wall Street Analysts Forecast Growth

MNY has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of MoneyHero in a research note on Monday, December 29th. Zacks Research lowered shares of MoneyHero from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, MoneyHero presently has a consensus rating of “Hold” and an average target price of $4.00.

MoneyHero Trading Down 0.7%

The firm’s 50-day moving average is $1.28 and its 200 day moving average is $1.43. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $57.42 million, a price-to-earnings ratio of -1.96 and a beta of 1.22.

MoneyHero (NASDAQ:MNY) last announced its quarterly earnings results on Friday, December 5th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.08). The business had revenue of $21.12 million during the quarter, compared to analyst estimates of $23.33 million. MoneyHero had a negative net margin of 35.36% and a negative return on equity of 56.10%. During the same quarter last year, the company posted $0.10 earnings per share. On average, equities analysts predict that MoneyHero Limited will post -0.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MoneyHero

A number of institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in shares of MoneyHero in the third quarter valued at about $38,000. PFG Investments LLC bought a new stake in MoneyHero in the third quarter valued at approximately $47,000. Finally, Renaissance Technologies LLC increased its position in MoneyHero by 20.9% during the 4th quarter. Renaissance Technologies LLC now owns 124,611 shares of the company’s stock valued at $157,000 after purchasing an additional 21,500 shares during the period. Institutional investors own 30.86% of the company’s stock.

MoneyHero Company Profile

MoneyHero Group Ltd (NASDAQ: MNY) operates an online comparison marketplace that helps consumers research, compare and select a broad array of financial and lifestyle products. Through its digital platform, MoneyHero presents side-by-side comparisons for credit cards, personal loans, mortgages, various insurance policies, broadband and mobile plans, as well as utility services. The site features interactive tools such as personalized calculators, user reviews and curated offer alerts, designed to simplify complex product information and enhance consumer decision making.

Founded in Hong Kong in 2014, MoneyHero has expanded its presence to serve customers in Singapore and Malaysia.